Judge Won't Reconsider Division Of $300M Freedom Loan

Law360, New York (August 1, 2012, 7:24 PM EDT) -- A New York state judge said Monday that JPMorgan Chase Bank NA can't bar a disputed creditor from plans to split what's left of $300 million loaned to now-bankrupt Freedom Communications Inc., saying JPMorgan hadn't settled key facts about the loan's contractual obligations.

New York State Supreme Court judge Eileen Branstein denied JPMorgan's second bid to use its own formula to divide the loan, which would effectively cut out disputed creditor Luxor Capital LLC from part of the repayment process.

Luxor had purchased its claims in...
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